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Wednesday, 27 April 2016

DEEP CASING TOOLS EXPANDS INTO NEW TERRITORIES - 27/04/2016

DEEP CASING TOOLS EXPANDS INTO NEW TERRITORIES

Casing and completion tools specialist Deep Casing Tools has expanded into the Kazakhstan market with its reaming and unique drillable turbine technology.The company’s 7” Turbocaser Express™ high-speed reaming system was deployed recently in the Chinarevskoye field where the client had experienced previous casing running issues. The casing reached total depth on first attempt and, following a typical cement program, the Turbocaser Express™ was successfully drilled out with a polycrystalline diamond compact bit on a rotary steerable assembly and next section drilled in one run. Deep Casing Tools’ technologies provide significant time and cost savings. With the ability to ream while running in, the casing can be run sooner while the hole is in best condition, eliminating wiper trips and open hole exposure time.The company’s expansion into Kazakhstan has been supported by Oil Tools Services, a Kazakh company based in Aktobe city with a wide established client base. Oil Tools Services established the demand for Deep Casing Tools products in the region by performing market research and identifying several applications where clients had suffered significant non-productive time running tubulars attributed to wellbore instability. Alan Phillips, Vice President Sales of Deep Casing Tools, said: “Our entry into Kazakhstan is great news for both Deep Casing Tools and Oil Tools Services and is in line with our global expansion strategy. Despite the downturn we are well placed to succeed in this market as our technology saves clients flat time and reduces overall well costs. We look forward to further expansion into Kazakhstan and neighboring territories”A spokesman for Oil Tools Services Management said: “We are proud to be part of this success alongside Deep Casing Tools. This is the first round of benchmark testing for running production casing with the Turbocaser Express™ versus conventional casing running methods in this region. A professional commitment from the team led to the client’s success by generating value through the application of innovative products and service”Additional business expansion for Deep Casing Tools includes a record order book in Russia and a first Turbocaser Express™ deployment offshore Netherlands.Total global sales for Deep Casing Tools’ products stands at 332.